Canada's nonprofit sector in economic terms

Canada's nonprofit sector in economic terms: "Canada's nonprofit sector in economic terms
Nonprofit organizations play an important role in Canada�s economic life
Canada�s nonprofit sector is larger than many major industries
Hospitals, universities and colleges are the sector's heavyweights
Other organizations span a broad range of activities
Nonprofit organizations' GDP consists mostly of returns to labour
Nonprofit organizations play an important role in Canada�s economic life
Nonprofit organizations make a vital contribution to the Canadian economy. This can be measured by their gross domestic product (GDP), the value of the productive activity generated as they undertake their missions in Canadian society. According to standard measures, the GDP of the nonprofit sector was estimated at $61.8 billion in 1999, accounting for 6.8% of the total economy."